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Analysts’ Latest Recommendations for Deere

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May. 17 2017, Updated 7:37 a.m. ET

Analysts’ recommendations for Deere

As of May 15, 2017, 23 brokerage firms were actively tracking Deere & Company (DE) stock. About 39.0% of these analysts have recommended a “buy” for the stock, while 43.0% have recommended a “hold.” The remaining 18.0% have recommended a “sell.”

The analyst consensus indicates a 12-month target price of $112.10 for Deere, implying a return potential of -1.5% based on its closing price of $113.80 on May 15, 2017.

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Recommendations and targets

Below are some recommended target prices for Deere from some well known brokerage firms:

  • JPMorgan Chase (JPM) has given Deere an “underweight” rating and a target price of $95, which implies a 12-month return of -16.0% based on the closing price of $113.80 on May 15, 2017.
  • Barclays (BCS) has given Deere a target price of $82, which implies a 12-month return of -27.9% based on the closing price of $113.80 as of May 15, 2017.
  • Stifel has rated Deere a “buy” with a target price of $126, which implies a 12-month potential return of 10.7% based on the closing price of $113.80 as of May 15, 2017.
  • UBS (UBS) announced Deere’s target price at $112, which implies a 12-month return of -1.6% based on the closing price of $113.80 as of May 15, 2017.

You can invest in the First Trust Indxx Global Agriculture ETF (FTAG) to hold Deere indirectly. The fund has invested 4.6% in Deere. The other top holdings of the fund include Dow Chemical (DOW), DuPont (DD), and Syngenta (SYT) with weights of 9.9%, 9.8%, and 4.7%, respectively, as of May 15, 2017.

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